The Web3 gaming track in 2025 is bustling, and Binance Alpha's latest work—Elderglade ($ELDE)—quickly became a hot topic in the community with its 'game-first' philosophy and a player base of 11 million. As a star project in Binance's 19th Token Generation Event (TGE), $ELDE's trading volume on the first day surpassed $55 million, with a price increase of 44.89% (CoinMarketCap, May 27, 2025). How does Elderglade break through in the competitive GameFi market, from match-3 mobile games to AI-driven MMORPGs? Can its economic model support long-term development? This article will take you on a journey to explore.
1. What is Elderglade? A Fantasy Adventure from Web2 to Web3
Elderglade is developed by W3Forge Studio, a team that previously created zkRace (2021 IDO return rate of 165 times, CoinGecko historical data). The project is positioned as a 'next-generation Web3 fantasy game ecosystem', aiming to bridge the experience gap between Web2 and Web3 games through blockchain and AI technology.
Current Stage: Real-time PvP match-3 mobile game
(As of May 20, 2025), the project has attracted 11 million cross-platform users with a monthly revenue of approximately $1-2 million. This low-threshold casual gameplay has accumulated a large Web2 user base, laying the foundation for the Web3 transition. Elderglade is currently a real-time PvP match-3 mobile game, supporting LINE (194 million monthly active users, Statista 2024), Telegram, iOS/Android apps, and web platforms. According to the official X account @Elderglade
Future Vision: AI-driven MMORPG
Elderglade's long-term goal is to transform into an AI-driven retro-style MMORPG, adopting 2D pixel art, where players act as animal-shaped heroes exploring a dynamically generated fantasy world. The game will introduce PvPvE (Player versus Player and Environment) mechanisms, combining NFT asset ownership, allowing players to own characters, equipment, and other on-chain assets. AI technology will generate unique encounters and environmental changes, enhancing replay value. This 'casual first, deep later' strategy not only lowers the entry barrier for new players but also provides long-term appeal to hardcore players. Compared to many Web3 games' 'token-first' models, Elderglade's 'game-first' philosophy is more sustainable.
2. $ELDE Token: The Core Driving Force of the Ecosystem
$ELDE is the native ERC-20 token of Elderglade, operating on the BNB Smart Chain. The following data is based on the official white paper (Elderglade official website, May 2025) and Binance's TGE announcement (May 27, 2025):
Token Economics
Total Supply: 400 million $ELDE
Initial Circulation: 84 million (21%)
Fully Diluted Valuation (FDV): Approximately $96 million (CoinGecko, May 27, 2025)
Distribution Overview:
Seed Round: 10% (40 million)
Community and Ecosystem: 30% (120 million, including Launchpool and airdrops)
Team and Advisors: 20% (80 million, lock-up period undisclosed)
Others: 40% (160 million, including TGE and market reserves)
Token Utility
$ELDE serves multiple functions in the ecosystem:
In-game Consumption: Payment for season passes, PvP ranking match tickets, and game boosters (like accelerated resource collection).
NFT Trading: Used for buying and selling NFT characters and equipment, enhancing on-chain asset liquidity.
Outdoor Exploration: In MMORPG mode, paying exploration fees and character healing costs.
Incentive Mechanism: Rewarding active players through Launchpool and airdrop incentives.
3. Elderglade's Economic Model and Gold Mining Methods
, May 25, 2025) for detailed analysis. Elderglade's economic model is one of its core competitive advantages, integrating Web2's in-app purchase mechanisms with Web3's Play-to-Earn (P2E) model to form a 'mixed economy'.
(1) Mixed Economic Model
Elderglade's economic design aims to balance player experience with token stability:
, May 20, 2025). Web2 In-app Purchases: Players can recharge to purchase $ELDE to unlock premium content (like rare skins, season privileges). According to official disclosures, the mobile version has already become profitable, with a monthly revenue of $1-2 million (@Elderglade
Web3 P2E: Players earn $ELDE or NFTs through gaming activities, with rewards linked to gaming duration and skill level, avoiding 'mindless mining' that leads to inflation.
Resource Circulation: In-game activities (like outdoor exploration) consume $ELDE, forming a closed loop of 'earn-consume-earn again'. For example, in MMORPG mode, players need to pay $ELDE for high-risk exploration, and upon success, can earn rare NFTs or token rewards.
The advantages of this mixed model are:
Sustainability: Controlling the inflation pressure of $ELDE through in-app purchases and token burn mechanisms (like exploration fees).
Player Inclusivity: Attracting both Web2 players willing to pay and Web3 players earning income through P2E.
Ecosystem Balance: The transaction fees from the NFT market (estimated at 2.5%, not explicitly stated in the white paper) will partially flow back to the community reward pool, enhancing ecosystem vitality.
(2) Gold Mining Methods
Elderglade's P2E mechanism offers players various 'gold mining' paths, below are the main methods currently and in the future:
Match-3 Mobile Game Gold Mining(Current Stage):
PvP Ranking Matches: Players accumulate points through real-time battles, and those ranked higher may receive $ELDE rewards (settled daily/weekly, specific amounts to be confirmed by the official).
Task System: Completing daily tasks (like winning 5 consecutive matches) can earn small amounts of $ELDE or NFT fragments (which can be synthesized into rare assets).
Season Pass: Purchasing a pass (approximately $10-20, estimated by the X community) and achieving seasonal goals can earn additional $ELDE and exclusive NFTs.
(As of May 26, 2025), regular players can earn approximately $0.5-1 worth of $ELDE daily (calculated at the current price of $0.23).Estimated Earnings: Based on X user@GameFiInsiderMMORPG Gold Mining(Future Plans):
Outdoor Exploration: Players team up to enter high-risk areas, paying $ELDE as an entry fee. Successfully defeating enemies or collecting resources can yield rare NFTs or $ELDE. Failure results in a partial loss of the entry fee, increasing strategy.
PvPvE Competition: Participate in cross-server arenas, with winning teams sharing the $ELDE prize pool, rewards based on player equipment and skills.
NFT Leasing: Players can lease high-level NFTs (like rare characters) to other players, earning $ELDE rent, suitable for long-term holders.
Earnings Potential: The official has not yet disclosed earnings data for the MMORPG, but referring to similar projects (like Axie Infinity's peak in 2021), top players may earn $5-10 daily, while regular players may earn around $1-3.Community Activities: Participate in Launchpool (like Gate's ETH/ELDE staking, announcement on May 27, 2025) or airdrops to receive free $ELDE, suitable for low-cost players.
(3) Gold Mining Precautions
Time Investment: Match-3 mobile games are suitable for casual players, while MMORPGs require higher time and strategic investment.
Initial Cost: Some high-yield activities (like season passes, outdoor exploration) require holding $ELDE or NFTs; it is recommended to choose participation methods based on budget.
Market Risk: The prices of $ELDE and NFTs are affected by market fluctuations, requiring attention to dynamics on platforms like CoinMarketCap.
X announcement. Official updates: The gold mining mechanism may be adjusted with version updates; it is recommended to follow @Elderglade
4. Support from Binance Alpha: Market Performance of $ELDE
Binance Alpha is an early project incubation platform within the Binance wallet, and Elderglade is highly anticipated as its 19th TGE project.
TGE Overview
Time: May 27, 2025, 16:00-18:00 (UTC+8)
Threshold: 198 Alpha points, 15 points deducted for each subscription
Distribution: 8 million $ELDE
Platform: PancakeSwap (Binance Announcement, May 27, 2025)
Market Performance (as of May 28, 2025)
Price: $0.23 (CoinMarketCap), $0.2362 (CoinStats), $0.25 (Coinbase Canada, 0.34 CAD)
24-hour Increase: 44.89% (CoinMarketCap), 19.56% (CoinStats)
Market Value: $19.63 million (CoinMarketCap), $21.47 million (CoinStats)
Trading Volume: $54.92 million, 24-hour growth of 322.8% (CoinGecko)
Exchanges: PancakeSwap (ELDE/WBNB), Gate (ELDE/USDT, trading volume $10.56 million), Bybit, MEXC, KuCoin
$ELDE
The explosive performance is attributed to Binance's traffic support and Kaia Chain's low Gas fee advantage. However, the low liquidity of decentralized exchanges may lead to price volatility, and investors should exercise caution.
5. Core Advantages of Elderglade
Elderglade has the following advantages in the Web3 gaming track:
User Base: 11 million players and a monthly revenue of $1-2 million provide solid support for the Web3 transition.
Cross-Platform Access: Through LINE, Telegram, and other platforms, lowering the entry barrier to Web3, particularly performing strongly in the Asian market.
AI and NFT Integration: AI-driven dynamic gameplay and NFT asset ownership enhance immersion and economic incentives.
W3Forge Strength: The success of zkRace proves the team's development capabilities in the GameFi field.
Ecosystem Cooperation: Collaborating with Hela Network, ChainGPT, and Kaia Chain to enhance technical support and market exposure.
6. Industry Pain Points and Elderglade's Response
Pain Points in Web3 Games
Low Retention: Insufficient game quality leads to player loss.
Economic Imbalance: P2E models often trigger inflation.
High Barrier: Wallets and Gas fees discourage newcomers.
Regulatory Risks: Compliance of NFTs and tokens is questionable.
Elderglade's Solutions
Quality Gameplay: Match-3 mobile games attract casual players, while MMORPGs meet hardcore demands.
Mixed Economy: Combining in-app purchases with P2E to control inflation.
Low Barrier: LINE and Telegram entry simplify operations.
Compliance Support: Endorsements from platforms like Binance reduce regulatory risk.
Lessons from the Memecoin Track
Elderglade draws on Memecoin's community-driven strategy, stimulating participation enthusiasm through airdrops and Launchpool, but its core relies on the game ecosystem rather than emotional speculation.
7. Investment Opportunities and Risks
Opportunities
Early Bonuses: The traffic support from Binance Alpha may drive a short-term rise in $ELDE.
Ecosystem Growth: After the MMORPG launch, player and NFT demand may increase the value of $ELDE.
Staking Rewards: Launchpools from Gate and MEXC provide additional returns.
Risk
Volatility: Low liquidity may lead to severe price fluctuations.
Data Discrepancies: Data from platforms like CoinMarketCap and CoinGecko may not align, requiring multiple verifications.
Development Risk: Uncertainties exist in delivering MMORPGs.
Regulatory Pressure: Compliance of Web3 games requires ongoing attention.
Recommendations
Short-term investors can focus on the support level of $ELDE (like $0.20) and trading volume, while long-term investors need to track the development progress of the MMORPG. It is advised to only invest funds that can be afforded to lose.
8. Future Prospects
The success of Elderglade depends on the following factors:
MMORPG Delivery: A high-quality gaming experience is key to retaining players.
Community Governance: The governance feature of $ELDE enhances player participation.
Global Expansion: Utilizing LINE's global user base to tap into the European and American markets.
Technical Optimization: Kaia Chain's low cost and high performance provide it with a technical advantage.
9. How to Participate
Purchase $ELDE: Through exchanges like Gate, Bybit, MEXC, MetaMask contract address: 0x799a290f9cc4085a0ce5b42b5f2c30193a7a872b.
Launchpool: Participate in Gate's ETH/ELDE staking (announcement on May 27, 2025).
Play the Game: Register through LINE, Telegram, or the official website.
Community: Follow the X account for airdrop information. Follow @Elderglade
Conclusion
Elderglade injects new vitality into the Web3 gaming track with its mixed economic model, a player base of 11 million, and an AI-driven MMORPG vision. The explosive debut of $ELDE proves the market's recognition of its potential, but long-term success still requires support from quality games and a stable economy. Do you believe in Elderglade's future? Feel free to share your thoughts in the comments!